Singapore
- May 8, 2024
- 4 min read
The Republic of Singapore, commonly known as Singapore, is an island country and city-state located in Southeast Asia. It is separated from Indonesia by the Singapore Strait to the south and from Malaysia by the Johor Strait to the north. Singapore consists of 63 islands including Singapore Island. It is a tropical island in Southeast Asia with a sunny climate. It is known as the Garden City because of its high level of greening.
Why Singapore?
With a land area of only 728 square kilometers and a population of over 5.64 million, Singapore is one of the four Asian Tigers. The country's economic citizenship program allows you to travel to more than 190 countries/regions without a visa at ease. Having a Singapore PR status has its privileges. However, Singapore citizenship holds greater significance in terms of future career opportunities, housing benefits, better government subsidies, etc.
Other benefits:
Visa-free travel Singapore passport
Medical insurance and medical subsidies
Rights of Central Provident Fund (CFPF) Accounts
Housing priority, ease of buying and renting housing
No Additional Buyer’s Stamp Duty (ABSD) for first-time homebuyers
Provide educational subsidies and donations for your children
Childcare benefits, baby allowances and child allowances
Voting rights in Singapore
Singapore Citizenship by Investment Qualification
Singapore launched the Global Investor Programme (GIP) as early as 2004. It is a permanent residence program launched by the Singapore government. It is designed for entrepreneurs and investors with high assets who intend to immigrate to Singapore. It attracts high-net-worth clients to obtain Singapore's permanent residence status by investing or starting a business in Singapore. To obtain citizenship, applicants must not only meet the following conditions, but also choose one of the following investment options:
1. Character must be outstanding: Applicants must demonstrate good character and moral qualities.
2. No criminal record: Applicants must have no serious criminal record to ensure that they have a good background.
3. Physical Health: Applicants must be in good health and meet Singapore’s health standards.
4. Have a high personal net worth: Applicants must have a certain amount of personal net worth to meet the financial requirements of the investment citizenship program.
5. Residence requirements: Singapore does not have any residence requirements for applicants . Applicants and their families do not need to live in Singapore, and their green cards will never be affected. Singapore immigration is truly a one-step process, with no worries about residence restrictions!
Singapore Investment Options
Singapore's Global Investor Programme allows overseas investors to obtain permanent residency. Applicants can apply for permanent residency for their spouse and unmarried children under the age of 21, and long-term visit passes for their parents.
Singapore’s Citizenship by Investment Program offers high net worth individuals a variety of options to obtain citizenship and promotes economic growth and foreign direct investment. The following are the investment options available:
1. Singapore skilled immigrants: Singapore's skilled immigrants are mainly for professional and technical talents or people with a university degree or above. If the relevant person is employed by a local company and issued a work visa (or work permit), he or she can apply for permanent residence from the Singapore Immigration Department with a valid work visa. There are two main types of work visas in Singapore:
Employment Pass (EP)
S Pass (SP)
2. Singapore Student Visa: Singapore’s study abroad immigration is applicable to international students studying in the local area. If they meet the appropriate conditions, they can apply for permanent residency:
Lived in Singapore for 2 years or more
Studying in Singapore (either public or private school)
Pass a Singapore national exam (Secondary School Examination/O Level/A Level)
3. Singapore Entrepreneur Immigration: Singapore Entrepreneur Immigration needs to register a company locally and apply as an entrepreneur, innovator or investor.
Applicants must be at least 21 years old, hold at least 30% of the company's shares and the company must be a new company registered for less than 6 months.
4. Singapore investment immigration: Singapore's Global Investor Programme allows overseas people around the world to invest in order to obtain permanent residency. Applicants can apply for permanent residency for their spouse and unmarried children under the age of 21, and apply for long-term visit passes for their parents. Invest at least S$2.5 million to open a new company or expand an existing business; or invest at least S$2.5 million in a global business.
5. Singapore Technology Pass Immigration: Applicants do not have to be employed by any company. They only need to meet at least two conditions to start a business locally or work in a company settled in Singapore, make investments, serve as a director, or serve as a lecturer in a higher education institution.
population growth | 3.3% |
GDP per capita | $91,100 |
Purchasing power per capita | $515.5 billion |
Passport visa-free countries | 194 |
Location
Located at the southern tip of the Malay Peninsula, it is a tropical island in Southeast Asia with a sunny climate.
capital
Singapore City
jet lag
UTC+08:00
National Land area
7.28 million square kilometers
Age Demographics
0-14 : 12.4%
15-24 : 37.69%
15-64 : 73.3%
65 and above : 19.1%
official language
English, Chinese, Malay, Tamil
Religious beliefs
31.1% Buddhism
20% No religion
18.9% Christianity[Note 2]
15.6% Islam
8.8% Taoism and Chinese folk beliefs
5% Hinduism
0.6% Other
politics
Unitary democracy
Constitutional republic
Parliamentary republic
One-party dominance
currency
Singapore Dollar
Does Singapore allow dual citizenship?
No, Singapore does not allow dual citizenship.
If you intend to become a Singapore citizen, you must renounce your foreign citizenship.
How long does it take to process a Singapore citizenship application?
Is it worth getting Singapore citizenship?
Comments